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Updated over 4 years ago,
Financing for Property in another city
Hello,
First time investor.
I have a house I want to BRRRR. It belongs to a family member in a city about 50 miles away from where I live. I plan to leverage some investments and cash to fund down payment and a minor rehab. My question is should I look for financing through a local credit union in the same city as the property or the city I live in? Where do I have a better chance of securing it or does it even matter. I have excellent credit etc.
Thanks!